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These layoffs are because someone bought the company and saddled it with enough debt that it’ll take a billion dollars per year to pay the interest. This is no
by heartbreak 4y ago
These layoffs are because someone bought the company and saddled it with enough debt that it’ll take a billion dollars per year to pay the interest.
This is nothing like Stripe’s 14% layoffs from elsewhere on the HN homepage.
- ummonk 4y agoNevertheless it does add to all the hiring freezes and layoffs we are seeing from other large companies (including, as you mentioned, Stripe).